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Market Reports

January 22, 2020

China Lysine Weekly: A stronger renminbi lifts export prices (week ended Jan 20, 2020)

An eFeedLink Exclusive
 

Price summary

Prices were unchanged.

Price quotes of 98.5-percent lysine stayed in the range of RMB6.70-7.50/kg. The average price remained at RMB7.12/kg.
 
Price quotes of 70-percent lysine were in the range of RMB4.30-4.50/kg.

For imported 98.5-percent lysine, transacted prices remained at RMB8.70-9.60/kg.
 

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Jan 13
(RMB/kg)

Price as of
Jan 20
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

6.70

6.70

0.00

Sichuan

Chengdu

6.80

6.80

0.00

Shandong

Jinan

7.40

7.40

0.00

Henan

Zhengzhou 

7.00

7.00

0.00

Liaoning

Shenyang

7.50

7.50

0.00

-

Beijing

7.30

7.30

0.00

-

Average

7.12

7.12

0.00

 

 

 

 

 

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of
Jan 13
(RMB/kg)

Price as of
Jan 20
(RMB/kg)

Price change
(RMB/kg)

Guangdong

Guangzhou

8.80

8.80

0.00

Sichuan

Chengdu

8.70

8.70

0.00

Shandong

Jinan

9.60

9.60

0.00

Henan

Zhengzhou 

9.40

9.40

0.00

Liaoning

Shenyang

9.40

9.40

0.00

-

Beijing

9.45

9.45

0.00

-

Average

9.23

9.23

0.00

Prices are for reference only.
RMB1=US$0.1451 (Jan 14)

 
 
Market analysis

Lysine market was quiet as most market participants have halted operation. Prices remained unchanged in the domestic market. Nonetheless, export prices of lysine increased slightly due to the strengthening of renminbi lately.

In Europe, price quotes stayed at EUR1.20/kg.
 

Market forecast 

Lysine prices are seen stable before the Chinese New Year holidays amid limited trading.
 

 


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